Americans, its bad. The infection adds to the oil slump. Shery lets get you started with a quick check of the markets. We were seeing earlier losses gaining three tents of 1 , but its still early in trading coming off the worst day again since 1987 and losses accelerating and falling to session lows. President trump talked about economic disruption lasting well into the summer. The dow now falling to the lowest level in two years. Losse talking about a 30 since the peak in february. We are seeing the Downside Pressure with the s p 500 index. Every sector on the s p in the red with losses of at least 7 . Financials and real estate leading the declines. , fallingave small caps more than 12 . U. S. Futures at the moment, a little upside. Up 6 10 of 1 . We will see how things shape up as the asia session gets underway. Amid thesia wideranging meltdown with more central bank rates, moving to boost liquidity we had on monday. The bank of korea delivering a 50 basis point cuts in emerging mee
That decline we saw yesterday. U. S. Equity futures are bouncing back a little bit. S p futures indicated up if you are looking at the treasury yield the 10year looks to be yielding 39 the twoyear down at 4. 4 . The 10year, if you are trying to behalf full, that is something you point to we are down watching the close for some type of stability, it went down 2,200 or 2,100 even if it rebounded yesterday, you were hoping for a strong close. Fridays, theyve been okay. You would think maybe there would be a selloff the past two fridays thus far not been that way. Well see if things are different. We are talking a lot off camera and on camera all the closings you were talking about. That was unbelievable yesterday. I was watching a big east game i was losing and they canceled the game at half time. They canceled march madness. You saw everything, broadway and everything i was worried about the c word yesterday a crash yes that c word. I dont even like talking about 1987 that is pretty clos
Cooperman taking on trump over the Federal Reserve in times of crisis Worldwide Exchange begins right now. Good morning and welcome to the show im dominic chu. Announcer to Brian Sullivan. With me the entire hour, peter bookfar wiright now stock futur indicate what could be a nice open to the upside, about 175 points within the last hour we were up 400 to 500 points implied. Well see if that moves. The Dow Jones Futures have been going from losses all the way to gains. At one point we had a range of 1100 its been a volatile, possibly preshadowing the market. Tenyear government yields we gone down to 1. 0 3 year, setting the record twoyear treasury notes, 1. 2 . The session low for americanbased crude is 43. You can see 45. 53 the last trade there. We have seen a bit of a downside move in the last hour or two lets watch whats happening a rebound in under way, in asia and europe as well as investors hope for action from global Central Banks around the coronavirus. Matt taylor is in singa
As we learn more about that unfolding situation today. But first, we want to turn or attention to a major change underway in america. Today workers in our Energy Industry are wondering where the Biden White House is leaving them. They spent decades Building Energy independence in this country. Thats been great news for workers and not such great news for other big Energy Providers like venezuela or russia or the middle east. We were building our own enormous energy supply. That shifted. The global power dynamic in a way that has not been seen since the advent of the automobile. Now its changing. Executive orders are it sheing down new leases for fracking on federal land. As you know, the xl pipeline is a casualty here. Heres what some of those workers are saying as they react to this. You prepare for these large projects. When one gets the rug yanked out from under it, you have nothing the next year or two years. I cant believe that all this in one day, that a mans stroke of a pen can
North carolina. For Bernie Sanders, vermont. And right now were looking at alabama with polls are just closing, and that looks like it will be for joe biden. So three of the first four contests that we can comfortably report tonight go to joe biden who little more than, what, 72 hours ago was given up for politically dead. That was then, this is now. Whatever he was able to cobble together even in states that had early voting that came before his stunning performance in South Carolina, well, one of that materialized to be a big worry for him. Were going to be digesting all these numbers besides alabama, just closing right now, the states of maine, massachusetts and oklahoma have also closed. Tennessee, which was to close at this hour because of the hurricane, a lot of folks having difficulty getting to the polls right now, they will, in fact, be allowed to continue looking for places to vote until at least 9 p. M. Eastern time, in some parts of the state up to 11 p. M. Were going to be